Tuesday, December 18, 2012 1:21:01 PM
Clinton -- lol
Mr. Dot Com Bubble about to Burst, Clinton. Sure you can have high tax rates when it's based on bubble economics!
Heck, if I made $1 million, I wouldn't mind (too much) paying 50% to the Feds!
Also, let's keep in mind, Clinton had a Republican majority in Congress. He at least knew he had to get along to get along. And that worked, at that time, with the economy we had then.
Today is a new and different day. We are either in recession or on the verge of. If on the verge of, it's NOT because the private sector is doing as it should (how could they with all the uncertainly and deluge of business-draining regulations?), it's because of an artificial government pump. If taxes go up, boom we're in an official recession again. Might be there anyway!
All we can hope for in the market is a nice January effect -- when big investors are done dumping to control tax liabilities that will undoubtedly go up next year.
SYN will rebound, as will most stocks -- because there is NO other decent place to put your money these days! Negative interest payments just don't cut it!
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